Sold: Sep 16, 2026 - Seller Financing
Address
764 Washington Ave Cu-1-2-3-4, Miami Beach, FL
Price
$ 1,950,000
Property Attributes
- MLS#A12020955
- TypeCommercial
- Listing Status Closed
- CountyMiami-Dade
- CityMiami Beach
- Area42
- Zip33139
- Style
- Taxes$ 20650
- Price$ 1,950,000
- Bedrooms4
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8000
- Lot Size0.28 Acres
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
Offering 4 commercial-retail ground-level spaces (CU-1-2-3-4). Totaling over 7,800 sq. ft. of income-producing retail-businesses in the heart of South Beach's Hotel District. Currently leased with a yearly NET Income of $216,000. The corner space (Washington & 8th Street) is operated as a grocery store, and the other spaces are combined operating a restaurant/bar. All NNN-leases with low cost to the landlord. All tenants are stable, profitable and willing to remain onsite. Building is located in a highly visible corner-lot along Washington Ave, steps to Ocean Drive and Lincoln Road. All spaces are located on the ground-level for the Royal South Beach Condo-Hotel. Property passed 40-Yr recertification. The 50-Yr recertification Engineering Study just completed (See MLS attachments). Kindly contact the listing agent to schedule a showing and DO NOT disturb the onsite businesses.
| Price History | |
|---|---|
| 5/18/2026 | Listed $2,950,000 |
| 5/19/2026 | 34$3,950,000 |
| 5/29/2026 | 29$2,800,000 |
| 7/5/2026 | 30$1,950,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Possession | Close Of Escrow |
| Architectural Style | Detached |
| Construction Materials | Brick,Block |
| Stories Count | 1 |
| Levels | One |
| Unit Number | CU-1-2-3-4 |
| Property Subtype | Retail |
| Ownership | Corporation |
| Building Name | Royal South Beach Condo-Hotel |
| Assoc Fee Paid Per | Monthly |
| County | Miami-Dade |
| Property Type | Commercial Sale |
| Contingency | Association Approval |
| Possible Use | Investment |
| Status | Closed |
| Directions | Located on Washington Avenue. |
| City | Miami Beach |
| Zoning Description | 6400 |
| Number Of Units Total | 4 |
| MLS Area | 42 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 12000 |
| Listing Terms | Cash,Conventional,Owner May Carry,Other |
| Year Built Details | Resale |
| Tax Annual Amount | 20650 |
| Lease Considered Y/N | false |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A12020955 |
| Structure Type | Retail |
| Standard Status | Closed |
| Occupancy Type | Tenant |
| PostalCity | Miami Beach |
| Legal Description | ROYAL SOUTH BEACH CONDO UNIT CU-1 UNDIV 3454/20383 INT IN COMMON ELEMENTS OFF REC 21561-4692 |
Interior Features
| Total Bedrooms | 4 |
|---|
Exterior Features
| Parking Features | On Street |
|---|---|
| Lot Size Area | 12000 |
| Number of Buildings | 1 |
| Building Area Total | 8000 |
| Lot Dimensions | 110 |
| Lot Size Acres | 0.28 |
| Waterfront Y/N | false |
| Number of Separate Electric Meters | 4 |
| Road Frontage Type | City Street,Main Thoroughfare |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 33139
Price
Taxes
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Data Last Updated: September 17, 2026 8:00 PM UTC
Palm Beach Board of Realtors MLS® (PBBORMLS) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
